Hostaway raises $175 million

Hostaway closed a $175 million funding round led by PSG.

Founded in 2015, Hostaway is an all-in-one vacation rental software and management system, helping property managers scale and grow their businesses. Its customers collectively manage more than 100,000 properties in more than 100 countries.

Among the features provided by Hostaway are management software for vacation rentals to manage inquiries, repeat visitors, distribution channels, owners, and staff in one location, API connections to important online travel agencies, such as Airbnb, VRBO, Booking.com, Expedia, TripAdvisor, Marriott, and Google Travel, as well as tools to market properties.

Hostaway operates globally with offices in Europe and North America, however it also reaches customers in Asia, Middle East, South America and Oceania.

When it comes to insurance integrations, Safely, InsuraGuest and Chekin are part of the Hostaway Marketplace.

“We are thrilled to partner with PSG, as we continue to elevate the vacation rental industry and unlock value for property managers beyond what had been thought possible. We have operated with incredible speed and efficiency, balancing growth with our current strong profitability, and this investment represents a significant milestone in our journey toward global market leadership. We’ve come a long way, but we are just getting started. The opportunities are endless!” – Marcus Rader, CEO and Co-Founder of Hostaway.

“We are impressed with the quality of the Hostaway team, their vision and execution in building what is, in our view, a highly differentiated category leader with multiple levers of value creation. We believe the company has a significant opportunity to lead this industry, as it continues to scale its integrated platform, expand globally and help its customers meet the growing demand in the short-term rental market. We look forward to partnering with Hostaway in this new exciting chapter.” – Edward Hughes, Managing Director at PSG.